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Total losses nearing P50 billion.
Philippine Airlines had already announced in its annual report that it lost P10.31 billion in 2019, its biggest loss in its corporate history. “Stiff competition, matched with ever-increasing costs, have caused the PAL Group to incur losses over the last three years,” the ...
It’s the biggest loss in the company’s history.
The Philippines’ flag carrier posted net losses of P10.31 billion in 2019, the third straight year that it has declared a net loss. In its annual report submitted to the Philippine Stock Exchange on Wednesday (May 20), PAL Holdings Inc. said Philippine Airlines’ ...
Employees will receive appropriate compensation and benefits.
Philippine Airlines has been forced to make a tough business decision as it grapples with the effects on the travel industry of the coronavirus. On Friday, February 28, the nation’s flag carrier issued a statement saying it was implementing a voluntary “separation ...
The resignations follow other officials who have left the company in recent weeks.
Two board members of Philippine Airlines Inc. have resigned, the latest officials of the country’s flag carrier to leave the company in recent weeks. Amando Tetangco, the two-term former governor of the Bangko Sentral ng Pilipinas, tendered his resignation as independent director, according ...
He replaces Gilbert Sta Maria, who resigned just three months after his appointment.
UPDATEDPhilippine Airlines (PAL) has appointed Lucio Tan’s son as the new president of PAL Holdings, the holding company of the nation’s flag carrier. Lucio Tan Jr replaces Gilbert Sta. Maria, who was appointed by the senior Tan himself just over three months ago.PAL, however, ...
Asia’s first airline, Philippine Airlines, is awarded World’s Most Improved Airline of 2019 by Skytrax.
Skytrax, a U.K.-based airport and airline ranking website, named Philippine Airlines the Most Improved Airline of 2019 at the Paris Air Show on June 19. According to its website, the award is based on “an airline’s quality improvement across the entire awards ...
These fresh travel options will open up doors to new sights and sounds without the hassle of a layover.
Frequent flyers, prepare your passports. The last quarter of 2018 saw the exciting addition of new flight routes from Manila's Ninoy Aquino International Airport (NAIA) and a few of the emerging air hubs in the country. If you want to spend less ...
PAL's recent four-star upgrade is also good news for the plebes in economy.
We're as thrilled as the next guy about snagging that one-peso fare at the next seat sale, but there comes a time in a man's life when he has to square his shoulders as he walks through the plane doors, and pivot left towards ...
For flights when not everything is awesome.
Last year, Philippine Airlines released its "Heart of the Nation" inflight safety video. It was lauded for showing off different tourist destinations around the Philippines, and crowdsourcing its actors from each of the featured locations.It's certainly a nice change from the video they ...
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